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Indian economy to dip 10.3 per cent in 2020; rebound with 8.8 per cent growth in 2021, says IMF

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The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2 per cent, the IMF said in its latest 'World Economic Outlook' report. The Supreme Court heard a batch of petitions today seeking a waiver of interest on loans during the moratorium ...